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NIB expands overseas investments to $59.4m
THE National Insurance Board's (NIB) foreign investment portfolio expanded by $21.9 million to hit $59.4 million by year-end 2011, it was revealed yesterday, the social security system having taken up 88 per cent of its annual allocation.
Court to appoint appeal lawyer
A MAN seeking to challenge his 40 year sentence for murdering a retired 88-year-old Canadian physician on a Family Island three years ago will receive a court appointed lawyer for his appeal application. Moses Morris stood before appellate Justices
Rolle earns 3rd opportunity to represent Bahamas in the Pure Silk LPGA Classic
FOR the fourth year, professional golf teacher Georgette Rolle will get a chance to carry the Bahamian flag in the Pure Silk Bahamas Ladies Professional Golf Association Classic.
Data Protection chief’s 20-fold complaints rise
THE Data Protection Commissioner has seen a near 20-fold increase in the number of complaints since she took the post two years ago, with her office now preparing to investigate the hacking of a Bahamian bank’s website.
David Nesbitt scores game high 22 points in Boca Juniors debut
DAVID Nesbitt made his debut for Boca Juniors in the FIBA Basketball Champions League Americas and helped lead the club to a 1-1 weekend in Group D.
THE 600 CLUB: Buddy Hield sets new 3-point record
Buddy Hield has now made more three-point field goals than any other player in National Basketball Association history through their first three seasons in the league.
Sandy unlikely to damage US economy, analysts say
WASHINGTON — Airlines have cancelled thousands of flights, stranding travellers around the globe. Insurers are bracing for possible damages of $5 billion. Retailers face shrunken sales.
Pennant winners secure early leads
IN game one of the Government Secondary Schools Sports Association basketball championship series, each of the pennant winners took early series leads, with blowouts in girls’ play and a pair of close finishes in the boys’ divisions.
Contractor 'grind' over Baha Mar pay delays
Bahamian contractors yesterday disclosed it was “a grind” to obtain timely payment for work done on the $3.5 billion Baha Mar project, with waits up to 90-120 days hitting cash flow and eating into already-thin profit margins.
Baha Mar creditors: Over 90 per cent to be paid
Baha Mar’s secured creditor agreed to fund the $3.5 billion project’s completion because potential purchasers have told it they will not buy an unfinished mega resort, with more than 90 per cent of local creditors set to be paid.
Cruise port's chair eyes 'missing 10%'
The chair of Nassau Cruise Port's ultimate parent says he is "90 percent-plus satisfied" with its $322.5m transformation as he waits to see it drive increased visitor spend and more passengers exiting their vessels.
90% of farmers 'disenfranchised' on land holdings
Almost 90 per cent of Bahamian farmers are effectively ‘disenfranchised’ because they do not own the land they use, a senior agricultural expert yesterday calling for a strategic plan to develop the industry rather than “the regular ad-hoc approach”.
Labour chief asserts whimper greeted COVID furlough end
The COVID furlough period’s end sparked very few worker terminations, the Government’s top labour official is asserting, with Nassau Cruise Port’s need for 250 construction workers “a good indicator” of the economy’s growing revival.
Cut 'terrifying' bad loan rate by over 50%
The Central Bank’s governor wants to further cut the “terrifying” 8.7 percent loan delinquency rate by more than half despite it having fallen to its lowest level in a decade.While describing the consistent decline in non-performing bank loans as “ve
COVID - crime and choice
There were 73 people murdered in 2020, down from 95 person in 2019. This gives a homicide rate for 2020 of 18. 6 per 100 000. This is still considered an epidemic. According to United Nation, Homicide rate of 10 per 100 0000 or above is considered an epidemic.
Mobile data usage up 30% pts in 2017
Mobile broadband penetration jumped by 30 percentage points inside one year, it was revealed yesterday, with four out of every five Bahamians using the product by year-end 2017.The Utilities Regulation and Competition Authority (URCA), unveiling its
GB Power ‘clawing way back’ in 25% profit rise
Grand Bahama Power Company was yesterday said to be “clawing our way” back to targeted net income after producing a 25 percent profits increase to $10m for the 2022 full-year.
Hotels strike ‘glass ceiling’ on 15-20% room shortage
The Bahamas may be unable to fully meet tourism demand for 12-18 months due to a room shortage caused by up to 15-20 percent of available inventory being taken offline, a senior hotelier has revealed.
Sports Notes
THE New Providence Basketball Association continued its regular season action with a pair of games played at various gyms on Friday and Saturday night.
How to sweat less over AC
We find ourselves in the same situation every year. Winter is nearly here, but it still feels like 90 degrees outside.
